Nashik is popularly called as the 'Wine Capital of India', owing to its abundant grape crop. However, the city has already been undergoing industrialization for the past decade after Mumbai and Pune, and is seen as the next most sought-after commercial destination of Maharashtra.

Further, with regard to its proximity with these mega cities - 180 kms from Mumbai and 190 kms from Pune--Nashik is termed as the third end of the golden triangle formed by Mumbai and Pune.

Apparently, the real estate market of Nashik is set on a high trajectory of growth, attracting attention of buyers from all across the state.

Strengths

Besides its strategic location, the city has its inherent strengths of infrastructure and nature. As it is situated on the banks of river Godavari, the city is among the most revered Hindu pilgrimages in the world. At the same time, it ensures plenty of water for the city.

Another feature that is likely to attract real estate buyers to Nashik is its pollution free environment. Despite being an industrial city, dominated by sugar factories, the city is quite free from hazardous industrial wastes as no chemical factories are allowed to be set up here.

The city also boasts of good roads and adequate civic amenities like electricity and public transport and above all congestion-free surroundings that most people suffer in larger cities like Mumbai and Pune.

Industrial Scene

Industry at Nashik is so far dominated by co-operatives. There are 16 Industrial Estates, out of which 10 are by Co-operatives Industrial Estates and the rest are built by Maharashtra Industrial Development Corporation (MIDC). With its successful initiatives, the MIDC has further planned to set up four industrial estates at Manmad, Satana, Sinnar and Malegaon.

Real Estate Scenario

As far as the real estate scenario at Nashik is concerned, the prices are on the uptrend but quite affordable. Land prices in areas like Adgaon Road and Pathardi near Mumbai-Agra highway is available at throwaway prices, from Rs 100 psft to Rs 250 psft.

Healthy demand is also witnessed in residential bungalows that hover in the range of Rs 700-Rs 1,200 psft. Residential locations in and around Indira Nagar, Rajiv Nagar, Trimurthy Chowk, Gangapur Road and Deolali Camp are also selling like a hot cake for quite some time now.

Another most important aspect of the real estate market at Nashik is the availability of options. Unlike cities like Mumbai or Pune, there are a good number of options from which you can select the most suitable residential property in Nashik for yourself. Be it land, office space, bungalow or apartment in Nashik you get decent number of alternatives to choose in between.

In order to meet the demand, property developers in Nashik like Nishant Builders and Developers, Kalpataru Developers, Subhadra Properties and Saishree Group along with a few developers with pan-India presence have been actively operating their projects all across the city.